Property profile

1217 Mellen St Centralia, WA 98531

OFF-MARKET
Banks
Property ID
US90-0622139
3,600 SF 0.14 ac lot Built 1980
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This prime commercial building at 1217 Mellen Street in Centralia, WA, presents a fantastic investment opportunity. Situated on a 0.28-acre lot, the property boasts excellent visibility due to its location in a high-traffic area, making it ideal for attracting a substantial customer base. The building has undergone significant remodeling, including a fresh exterior paint job, enhancing its curb appeal and market value. The interior offers flexible unit options, allowing for customization to suit a variety of business needs. Whether you envision a retail space, office environment, or a mixed-use configuration, this property provides the adaptability to meet your specific requirements. The building's versatile layout and prominent location make it an exceptional choice for entrepreneurs seeking to establish a strong presence in a thriving community. The asking price is $749,900. This is a rare opportunity to acquire a well-maintained, highly visible commercial property in a desirable location. The adaptable space and prime location offer significant potential for long-term growth and profitability. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers. The square footage will need to be verified independently.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1980
Construction WOOD
Total area 3,600 SF
Lot 0.14 ac (6,098 SF)
APN 2398000000
UPID US90-0622139

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1217 Mellen St Centralia, WA 98531-1175
Centralia metro Census 970600 CENTRALIA, WA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2025
Last sale
$625,000
2 recorded transactions
2025
$715,000
2023
$625,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $445,000 +7.3%
Office building $435,000 +4.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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